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At VIFreepBreaking NewsBusiness NewsSt. Croix NewsSt. John NewsSt. Thomas News

Coakley Bay Condominiums in St. Croix Home prices have risen sharply, but not enough to trigger an increase in the maximum loan that can be purchased or guaranteed by Fannie Mae and Freddie Mac next year. The baseline conforming loan limit will remain at $417,000 in 2016 for the 11th

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At VIFreepBreaking NewsBusiness NewsSt. Croix NewsSt. John NewsSt. Thomas NewsTerritorial Affairs

Judge J. Paul Oetken CHARLOTTE AMALIE – The Virgin Islands urged the Second Circuit this month to affirm a New York district court’s dismissal of an $84 million tax refund suit filed by an oil refinery, saying that its tax laws are distinct and it has exclusive jurisdiction over such

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At VIFreepBreaking NewsBusiness NewsCaribbean NewsPuerto Rico NewsTerritorial Affairs

SAN JUAN — U.S. Coast Guard rescue teams are combing the Atlantic Ocean near Puerto Rico in search of a Chilean man reported missing from a cargo vessel traveling through our region. Coast Guard officials say the missing man was identified as Luis Leyva Aliaga, 62, a first engineer aboard

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At VIFreepBreaking NewsBusiness NewsConsumer NewsSt. Croix News

CHRISTIANSTED – There was no change in the number of service stations with the lowest price for gasoline, according to the latest survey of gas stations by the Department of Licensing and Consumer Affairs. Two service stations on St. Croix currently have a price of $2.679 per gallon for self-service

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At VIFreepBreaking NewsBusiness NewsSt. Thomas News

CHARLOTTE AMALIE – Ashford Hospitality Prime purchased the Ritz-Carlton Hotel in St. Thomas for $64 million on Tuesday, according to a joint statement from the real estate investment trust and the Maryland-based luxury hotel. Located on 30 pristine oceanfront acres along Great Bay, The Ritz-Carlton St. Thomas is recognized as

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At VIFreepBreaking NewsBusiness NewsPuerto Rico NewsSt. Croix News

V.I. Attorney General Claude Walker CHRISTIANSTED – The V.I. Department of Justice and the Department of Licensing and Consumer Affairs are investigating Captain Morgan owner Diageo for allegedly shipping rum to the Captain Morgan Rum Distillery while claiming it was importing molasses for rum distillation. This could place Diageo and

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At VIFreepBreaking NewsBusiness NewsSt. Croix News

WILMINGTON, Del. – The sale of the idled HOVENSA refinery and terminal assets has been postponed until next month, pushing back efforts by the Virgin Islands government to partially revitalize the mothballed facility. At a hearing in a U.S. bankruptcy court in the US state of Delaware Thursday, a government-preferred

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At VIFreepBreaking NewsBusiness News

A new study examines the steady decline of the U.S. Merchant Marine fleet, which today numbers less than 100 vessels in international trade, and warns that U.S. global competitiveness and maritime security – particularly in light of a fast-emerging China — is at grave risk unless investment is made to

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At VIFreepBreaking NewsBusiness NewsMilitary NewsSt. Croix News

VING Maj. Sherrymae Barnes Morales CHRISTIANSTED – A 54-year-old St. Croix real estate broker was given one year and one day in prison by a federal judge for submitting duplicate time sheets in her job at the Virgin Islands National Guard, according to the U.S. Attorney’s Office. Sherrymae Barnes Morales

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At VIFreepBreaking NewsBusiness NewsSt. Croix NewsTerritorial Affairs

Ernice Gilbert with Robert Shrader of Monarch Energy on YouTube CHRISTIANSTED – St. Croix oil refinery HOVENSA LLC has asked a bankruptcy judge to block a bid by its rival Monarch Energy Partners to acquire the debtor’s shuttered refining facility in St. Croix for $40 million, saying Monarch is attempting

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